Understanding "Short Sale Contingent" and How it Affects Your Property Searches
As both listing agents and buyers' agents ... we are often doing the dance and trying our best to explain to buyers' what "short sale contingent" means and why is it still on searches for post search engines by default? Just remember, not all "contingent" statuses are made equal.
Short sale contingent often confuses buyers - EVEN when explained in detail, AND in writing ... many buyers still get caught off guard to find out, the home is not truly available and/or there are different circumstances and layers of availability.
All we can say is that don't make a blanket thought about what any short sale is, because they are all snowflakes and full of unique variables. Whether it means what bank(s) are involved, how many loans are involved and/or where they are in the short sale process and often the experience of the negotiator staying on top of their files.
If there's something about process you feel we need to review further, let us know and we will help you fill in the blanks of education and process :-)
Bottom line: we must remember when we can't get into a house ... there might be a disgruntled tenant or a hurt seller from financial or personal issues. Sometimes in the process we can easily go into business mode and lose our humanity. I often hear: "well that's silly, why won't the tenant let us in" ... "and/or why won't the seller let us show the house?" Sometimes the seller has received a ton of offers and is emotionally done with having their home toured. It's not easy having your home on the market. It's their right and though it sometimes it's an inconvenience, but we are human and it's their right.
RosevilleAndRocklin.com: Real Estate in the Roseville and Rocklin Area
Coldwell Banker REALTOR Steve Ostrom (Primary Emphasis: Move-up Buyers, Golf Communities, Listings) DRE# 01344154
Coldwell Banker REALTOR Heather Ostrom (Primary Emphasis: Listings, Marketing, Social Media and Photography) DRE# 01899313
Coldwell Banker REALTOR Jennifer Klein (Primary Emphasis: Short Sales) DRE# 01860942
2270 Douglas Blvd #120, Roseville CA 95661
Contact information: 916-308-2446
